Quincy’s Bar & Grille in Bethesda Files for Bankruptcy
Downtown bar has not opened for more than six weeks and was sued for months of unpaid rent
Quincy's on Del Ray Avenue.
With its bar closed for more than six weeks and facing a lawsuit for months of unpaid rent, Quincy’s in Bethesda has filed for bankruptcy.
Under the alias 4922 Del Ray, LLC, Bethesda’s Quincy’s Bar & Grille filed April 4 for bankruptcy protection under Chapter 11 of the federal bankruptcy code in U.S. Bankruptcy Court in Greenbelt, according to court documents.
Documents submitted by the owners of the bar detail $320,281 of unsecured claims, with various business debts including $73,926 owed to the landlord of its Bethesda property at 4920 Del Ray Ave.
Co-owner Arnie Fainman declined to comment Thursday on what the bankruptcy meant for the future of Quincy’s. Martin Magill and Sam White, other owners of Quincy’s, did not reply to phone calls this week. Magill also owns another Quincy’s location in Gaithersburg and Quincy’s South in North Bethesda.
Chapter 11 bankruptcy frees a business from the threat of creditors’ lawsuits while it reorganizes its finances.
Quincy’s owners were summoned to appear April 5 in Montgomery County District Court in Rockville, but they failed to do so and a judge granted possession of the space housing the Bethesda bar to the landlord and property owner, Frank Emmet Real Estate Inc., according to Duane Emmet, the firm’s CEO.
However, the bankruptcy filed the previous day stalls the eviction order until the bankruptcy is settled.
“We’re anxious to get the space back,” Emmet said this week.
In suing the Bethesda bar, the landlord claimed the owners had not paid the monthly rent of $14,216 since before Dec. 1, 2016. The amount owed is continuing to add up and the bar has not yet paid any amount, Emmet said.
The sports bar has been “temporarily closed” since at least March 7. On March 8, Fainman told Bethesda Beat the closing was a result of a broken heating unit and that the bar would reopen on an undetermined date. On March 20, White told Bethesda Beat the bar planned to reopen.
Quincy’s in Gaithersburg and Quincy’s South in North Bethesda remain open.